cobi
Member of DD Central
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Post by cobi on Apr 9, 2020 8:50:41 GMT
£8500 just released from 5 year market. Requested morning of March 14th. Still waiting for my funds from an Access withdrawal made evening of the 12th. Anyone want to hazard a guess why 1 year is so far behind 5 year? Or is it simply a matter of relative volumes. It makes sense that the joint queue for Access et al. is still a couple of days behind. The 1 year market has £1.3m available on it but rarely has borrower offers. I assume that RYIs will appear as borrower offers and take from the available funds. I wonder what happens if someone in the queue for RYI has a very low rate which cannot be matched. Does this clog up the system? I asked Ratesetter yesterday why the £1.3m was not being used for RYI but got a standard stock useless response.
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Post by Badly Drawn Stickman on Apr 9, 2020 9:01:29 GMT
There is a new "investments waiting to be released" section on the main account dashboard, confirming your date of RYI request. It gives the option of cancellation - which we know they're obviously trying to encourage. It doesn't (yet) show your position in the queue, though... Presumably if the reference number is unique and anybody could be bothered, a rough time scale could be observed. Edit, Given the next withdrawal day is 14th April might be a bad time to reach the front of the queue, you would just spend 5 days looking at it doing nothing.
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Apr 9, 2020 9:08:55 GMT
There is a new "investments waiting to be released" section on the main account dashboard, confirming your date of RYI request. It gives the option of cancellation - which we know they're obviously trying to encourage. It doesn't (yet) show your position in the queue, though... Presumably if the reference number is unique and anybody could be bothered, a rough time scale could be observed. Edit, Given the next withdrawal day is 14th April might be a bad time to reach the front of the queue, you would just spend 5 days looking at it doing nothing. Well, you'd have to know the amount of everyone's request as well...
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Post by Badly Drawn Stickman on Apr 9, 2020 9:27:19 GMT
Presumably if the reference number is unique and anybody could be bothered, a rough time scale could be observed. Edit, Given the next withdrawal day is 14th April might be a bad time to reach the front of the queue, you would just spend 5 days looking at it doing nothing. Well, you'd have to know the amount of everyone's request as well... Only if you were nosy. You would only get a rough idea at best, only so many platform users would be forum users. If the reference number is sequential you would at least have an idea of queue size. I'm not selling the idea just pointing it out, can't move around here for 'numbers guys' pretty sure one will formulate a plan.
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Apr 9, 2020 9:34:28 GMT
Well, you'd have to know the amount of everyone's request as well... Only if you were nosy. You would only get a rough idea at best, only so many platform users would be forum users. If the reference number is sequential you would at least have an idea of queue size. I'm not selling the idea just pointing it out, can't move around here for 'numbers guys' pretty sure one will formulate a plan. Erm you might but, for example, I know I made an RYI request from the 5 Year market on the same day as someone else on this forum. They said their amount was over £100k. Mine was under £1k. That gives you an idea of how unhelpful queue order can be in terms of numbered position rather than amount.
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Post by Badly Drawn Stickman on Apr 9, 2020 9:48:47 GMT
Only if you were nosy. You would only get a rough idea at best, only so many platform users would be forum users. If the reference number is sequential you would at least have an idea of queue size. I'm not selling the idea just pointing it out, can't move around here for 'numbers guys' pretty sure one will formulate a plan. Erm you might but, for example, I know I made an RYI request from the 5 Year market on the same day as someone else on this forum. They said their amount was over £100k. Mine was under £1k. That gives you an idea of how unhelpful queue order can be in terms of numbered position rather than amount. Indeed in an ideal World you would have all the data. Alas all that is available is what is available. I merely pointed out that it was. Telling me it is not good enough is not going to change anything.
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jake101
New Member
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Post by jake101 on Apr 9, 2020 9:59:21 GMT
My RYI are:
Product | Date Requested | Ref No.
Access | 20/03/2020 | 385253 Access | 20/03/2020 | 385267 Max | 31/03/2020 | 392126 Access | 31/03/2020 | 392127
As someone else mentioned, i am also withdrawing as risk/reward elsewhere (stock market, property) will improve during the next two years, fair enough. Not particularly due to RS or P2P in general. Its been rewarding while avoiding this stock market crash and will continue to be so. Others will be withdrawing, due to liquidity, they need cash now, fair enough. Others will be withdrawing in panic and fear, and have no other uses for the funds. The cancellation feature is great functionality for these users.
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Post by james91 on Apr 9, 2020 10:21:46 GMT
Mine are:
Acccess: 16/02/2020 (around 11.45am) Ref: 377313
So I wonder if that means 14,814 people between mine and the previous poster. If more people could post their refs, we should get an idea.
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Post by tevans on Apr 9, 2020 10:39:25 GMT
I'm: Access - 16/03/2020 - 12:45pm - 377516
So looks like at that time there were around 200 withdrawals request per hour.
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Post by David B on Apr 9, 2020 10:53:18 GMT
Mine, Access 18/03/2020 381871
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Post by nesako on Apr 9, 2020 10:56:54 GMT
I'm: Access - 16/03/2020 - 12:45pm - 377516 So looks like at that time there were around 200 withdrawals request per hour. I made two requests within a minute of each other (my own account and my sisters account) on 16/03/2020 and they are 377699 / 377707, so around 8 request a minute in that period (lunch time on 16th probably had a peak of around 500 requests per hour looking at the numbers)
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Post by xiao on Apr 9, 2020 11:05:06 GMT
Access 20/03/2020 384894
Queueing
1 Year 28/03/2020 391043
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Apr 9, 2020 11:08:20 GMT
Erm you might but, for example, I know I made an RYI request from the 5 Year market on the same day as someone else on this forum. They said their amount was over £100k. Mine was under £1k. That gives you an idea of how unhelpful queue order can be in terms of numbered position rather than amount. Indeed in an ideal World you would have all the data. Alas all that is available is what is available. I merely pointed out that it was. Telling me it is not good enough is not going to change anything. Sorry - didn't mean to come across as rude. Was just trying to make the point that - although people just LOVE to have something more concrete to grab onto - trying to draw any conclusions from numbered position is no more helpful, really, than knowing what day RS are currently on for fulfilling requests. If anything, it might be very misleading due to the huge disparity in RYI request amounts. But it appears that ship has sailed already given all these posts
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Post by xiao on Apr 9, 2020 11:10:34 GMT
Investments waiting to be released
Your money in the release investment queue is still on loan and earning interest. You may cancel a request before it is in processing
Cancel selected
what is mean? You could cancel your release queue?
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Post by Badly Drawn Stickman on Apr 9, 2020 11:27:43 GMT
Indeed in an ideal World you would have all the data. Alas all that is available is what is available. I merely pointed out that it was. Telling me it is not good enough is not going to change anything. Sorry - didn't mean to come across as rude. Was just trying to make the point that - although people just LOVE to have something more concrete to grab onto - trying to draw any conclusions from numbered position is no more helpful, really, than knowing what day RS are currently on for fulfilling requests. If anything, it might be very misleading due to the huge disparity in RYI request amounts. But it appears that ship has sailed already given all these posts No apology needed I took no offence, and understood your point (pretty sure on the rudeness scale on this forum it would not have registered even if I had). Yes it does seem to have taken off, I'm sure somebody will be along shortly to collate it.
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